Wednesday, December 1, 2010

Actuant buys Mastervolt for $150 million

Mastervolt is a designer, developer nd supplier of power electronics

Actuant Corporation has agreed to purchase Mastervolt, a Netherlands, Amsterdam- based designer, developer and global supplier of innovative, branded power electronics. The purchase is subject to customary regulatory approvals and closing conditions, and is expected to close within 30 days. Total consideration for the transaction is approximately €115 million ($150 million) which will be funded from the company’s cash and revolving credit facility. Mastervolt generated approximately €85 million ($110 million) in revenue in the past 12 months.

Mastervolt’s products provide the technology associated with the efficient conversion, control, storage and conditioning of power and are utilized in various end markets including solar photovoltaic (PV), marine and specialty vehicles.
In the solar market, Mastervolt is focused primarily on high-quality and high-yield inverters for sub-segments of the on-grid market in Europe. Inverters serve as the critical link in a solar PV system, connecting the solar panels to the electric grid, efficiently converting direct current (DC) into alternating current (AC). In the marine and specialty vehicle markets, Mastervolt provides integrated power systems which include battery chargers, inverters, generator sets, batteries, switchboards and electrical propulsion. Mastervolt provides “green” solutions to the marine market with its hybrid and electric propulsion, lithium-ion batteries and digital switching technologies.

Actuant Corporation is a diversified industrial company with operations in more than 30 countries. The Actuant businesses sell products in a broad array of niche markets including branded hydraulic and electrical tools and supplies; specialized products and services for energy markets and highly engineered position and motion control systems. The company was founded in 1910 and is headquartered in Butler, Wis.

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